Top 5 Cities
1. Seattle, Wa
2. Pittsburgh, Pa
3. Columbus, Ohio
4. Dallas, Texas
5. St. Louis, Mo.
"Nationwide, home prices are falling, sales are sluggish and the number of foreclosures is mounting. Ask any economist and you'll hear that things are bad, and likely to get worse.
Unless you live in Seattle, where the market is slowing but fundamentals remain strong.
The Emerald City has experienced strong price appreciation over the last six quarters, and that's expected to continue in the new year, though at a slower pace. In addition to a very low housing inventory and a strong sales rate, there are few non-conforming and high-risk loans on the books than in other cities, which means the area will likely see fewer defaults in the coming months than the rest of the country's markets." (from Forbes)
3 comments:
see here why Forbes is full of it:
http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/
also, see here to find out why anyone in the industry is full of it too. they think they're helping though.
http://patrick.net/housing/crash.html
I'm familiar with Patrick dot net and the reason they are telling you not to buy is that they are related in some way to rental housing so they stand to prosper if you don't buy. It's really a great time to purchase new homes if you have good credit and employment.
JS
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